Ultimate Beneficial Ownership: the next compliance challenge

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In our last blog, we discussed the recent trend for paying with cryptocurrencies, currently growing at around 30% per month. These payment instruments offer lower costs and much faster settlement compared with traditional cards and digital wallets.

Ultimate Beneficial Ownership: the next compliance challenge

However, those very advantages – speed and immediacy – are proving a real headache for regulators looking to crack down on money laundering and criminal activity by identifying the parties behind transactions. Warren Russell, CEO & Founder of W2, considers how to solve this compliance challenge.

Instant payments: faster – but safer?

If crypto

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Payments Cards & Mobile Jobs of the Week June 28

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Now is a great time to make a change. There’s something about the summer air that puts a real pep in your step, so why not really lean into it? You may have been thinking about getting a new job for a while, perhaps now is the time to go for it!

3 fantastic permanent tech jobs open in London right now

If you are looking for a new role, we have some great news for you – our brilliant Job board is currently bursting with amazing opportunities, so head over and have a look.  Below is a taster of

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Visa acquires European Open Banking platform Tink

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Visa announced it has signed a definitive agreement to acquire Tinka European Open Banking platform. Visa will pay total financial consideration of €1.8 billion, inclusive of cash and retention incentives.

Visa acquires European Open Banking platform Tink

Having been thwarted in its attempt to purchase Plaid last year, Tink allows its customers to access aggregated financial data, use smart financial services such as risk insights and account verification and build personal finance management tools.

Tink is integrated with more than 3,400 banks and financial institutions, reaching millions of bank customers across Europe.

The combination of Visa’s infrastructure and

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Massive increase in Brand Abuse cyber attacks

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Global e-commerce spending grew 28% annually to $4.2 trillion in 2020, paving the way for more fraudulent behaviour and more sophistication in attack types like Brand Abuse.

Brand Abuse attacks showing relentless growth

Backing this insight up, Outseer has published its latest quarterly fraud and payments report, uncovering a significant spike in brand abuse attacks and a continued shift to more precise payment authentication methods.

The report features insights from January through March of 2021 collected while authenticating consumer transactions and investigating threats on behalf of its customers.

According to the report, Brand Abuse attacks impersonating companies through social

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